Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.

WHAT THE NZX 50 INDEX IS DOING
The NZX50 is moving to close fractionally softer, down -0.1%, lifting its five-day gain to +2.8% and leaving the index +7.2% higher year-on-year.

THE MAIN GAINERS
Among 45 gainers, Ryman Healthcare (RYM, #16) rose +4%, starting the week strongly. It is up +6% over the past month but remains -37% lower year-on-year. Argosy Property (ARG, #30), Stride Property Group (SPG, #36) and Investore Property (IPL, #46) each gained +2%. Argosy is up +6% over the past five days and +20% year-on-year; Stride has climbed +14% in the past month and +6% annually; Investore is up +9% over five days and +8% year-on-year.

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THE MAIN DECLINERS
Of the 42 decliners, Tourism Holdings (THL, #42) fell -3% but is up +3% over the last five days, +69% over six months and +46% year-on-year. NZX (NZX, #47) dropped -2%, down -5% over six months but still up +7% annually. Meridian Energy (MEL, #2) also declined -2%, though it is up +4% over five days and down -3% year-on-year. SkyCity Entertainment (SKC, #37) eased -1%, despite a +7% gain over the past week; it remains -50% lower year-on-year.

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$ mln capitalisation
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SMARTSHARES EFTs

 
1-day
5-day
6-month
YTD
1Y
NZ Top 50 ETF (FNZ)
+0.1%
+2.8%
+14.3%
+4.7%
+5.4%
NZ Top 10 ETF (TNZ)
+0.7%
+2.3%
+10.7%
-4.5%
-0.3%
S/P NZX50 ETF (NZG)
+0.1%
+2.7%
+12.0%
+1.5%
+4.0%
NZ Dividend ETF (DIV)
+0.5%
+2.9%
+26.1%
+14.0%
+14.0%

KEY ANNOUNCEMENTS
SkyCity Entertainment (SKC, #37) announced the resignation of CFO Peter Fredricson, who will remain in the role until the 1st of March next year to support a smooth transition. CEO Jason Walbridge thanked Fredricson for his leadership during a complex period and said the company has agreed on capital objectives to progress before his departure where comprehensive external search for a new CFO will begin.

Auckland Airport (AIA, #3) welcomed the Commerce Commission’s decision to reject calls for a formal inquiry into airport regulation, following a request from Air New Zealand. The Commission found an inquiry unnecessary and potentially costly, but will proceed with a review of information disclosure rules for major airport investment next year. The Government also confirmed no changes to Part 4 of the Commerce Act are planned. Auckland Airport said the decision supports regulatory certainty for investors as it continues its $5.7bln infrastructure program.

Restaurant Brands (RBD) has received a takeover notice from major shareholder Finaccess Restauración, which intends to acquire the remaining 25% of shares it does not already own at NZ$5.05 per share. A Committee of Independent Directors has been formed to assess the offer, with Calibre Partners appointed as independent adviser. The offer, if made, must be issued between 14-29 October and will remain open for at least 20 working days. The Committee currently advises shareholders to take no action.

Turners Automotive Group (TRA, #39) has declared a Q1 FY26 dividend of 7 cents per share fully imputed, up from 6 cents in FY25. The dividend will be paid on the 30th of October 2025, with a record date of the 14th of October.

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